IUOE LOCAL 891 EDUCATION & TRAININ… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

RICHARD GORGOGLIONE

Phone

7184559731

Tax Period

2023-01-01 to 2023-12-31

IUOE LOCAL 891 EDUCATION & TRAINING FUND, founded in 2008, is a small nonprofit in the Education sector that reported $219K in total revenue in fiscal year 2023. Net assets of $519K represent 28 months of operating reserves.

Mission

TO PAY OR PROVIDE TUITION AND EXPENSES FOR COURSES, EDUCATION AND TRAINING FOR ELIGIBLE PARTICIPANTS.

Program Service Accomplishments

Program 1

Expenses: $172,662 Revenue: $218,825

PROVIDE EDUCATIONAL AND TRAINING BENEFITS TO APPROXIMATELY 800 ELIGIBLE PARTICIPANTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $218,825

Investment Income $0

Other Revenue $0

TOTAL REVENUE $218,825

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $172,662

Other Expenses $99,244

TOTAL EXPENSES $238,058

Year-over-Year Comparison

	2023	2022	Change
Revenue	$218,825	$203,362	+0.1%
Expenses	$238,058	$174,875	+0.4%
Net Income	$-19,233	$28,487	-1.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

$131,522

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT TROELLER	TRUSTEE	5.00	Director	$0	$7,262	$52,406
FRANCIS BRYNE	TRUSTEE	5.00	Director	$0	$0	$39,558
ADELE MCGREAL	TRUSTEE	5.00	Director	$0	$0	$0
JOSE PEREZ	TRUSTEE	5.00	Director	$0	$0	$0
RICHARD GORGOGLIONE	TRUSTEE	5.00	Director	$0	$0	$39,558
ANDREW SAMBERG	FORMER TRUSTEE	5.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$218,825	$238,058	$609,660	$-19,233
2022	$203,362	$174,875	$621,529	$28,487
2021	$211,287	$168,511	$686,917	$42,776
2020	$211,278	$151,956	$562,581	$59,322
2019	$222,681	$159,335	$493,074	$63,346
2018	$170,491	$144,207	$433,045	$26,284

IUOE LOCAL 891 EDUCATION & TRAINING FUND